8 years ago

Quiqup Raises £20 Million to Expand On-Demand Delivery Services

  • Quiqup, a London-based on-demand delivery startup, has raised £20 million in Series B funding

  • The round was led by Jobi Capital, with participation from Transmed and existing investors

  • The company plans to use the new capital to expand to other U.K

  • cities beyond London and to kick-start international expansion

  • Quiqup also plans to invest heavily in its tech platform, including recruiting more engineers and data scientists, to improve its algorithm

  • Quiqup has since expanded its proposition to become vertical agnostic and to providing last-mile delivery to businesses, too

  • The company has partnered with Whole Foods in London to be their sole online ordering option via the Quiqup app, as well as ventured into non-food verticals such as independent florists and pharmacists

  • Since launch, Quiqup has experienced 170 percent growth year-on-year and has delivered more than 550,000 orders.

      • ProblemTechnology

      "Businesses and consumers are increasingly demanding fast, flexible, and affordable delivery services. Traditional delivery options often struggle to meet these demands, resulting in long wait times, limited service areas, and high costs."

      Solution

      "Quiqup provides a platform for on-demand delivery, allowing businesses and consumers to order anything they need for local same-hour delivery. They offer a mobile app for consumers and a web app and API integration for businesses, enabling them to streamline their delivery operations and offer faster, more convenient service."

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